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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey
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To: budweeder who wrote (272)1/31/2001 11:26:43 AM
From: David Lee Smith  Read Replies (1) of 281
 
I agree. I hope readers will do their own research, as this is not a beginner's thread. This thread's purpose is to post the results of the MomentuMonkey model and invite all others to comment on the direction of the stock market, or present their own system or to criticize my model. Thank you for you candid comments. I disagree with the "slavish parroting of the "calls" of a discredited mechanical timing system" comment. Last year I made 58% following these monkey calls and I continue to have substantial amount of money invested following the model. Year-to-date, I am underwater and I post this as the MomentuMonkey index. I do not adjust the index for daily fluctuations in value, but realized actual trades. There is plenty of risk following my trades as I use the Ultra funds that are 2x the S&P Index sometimes. It is also very risky to go short when the model says SELL because of margin calls. I use the bear funds because I can stay "short" the market for long periods of time while it goes up and make it back on sharp pull backs. If I shorted the market instead, I would be nervous about margin calls and that could cause me to take losses before the market turns.

I hope I've addressed your comments.

Best wishes,

David
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